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Dr. Paulina Kimla-Kaczorowska focuses her practice on various types of finance and corporate matters in particular in relation to mergers and acquisitions. She assists clients in transactions involving club deal lending, leveraged finance, project finance, venture capital and restructuring.

Concentrations

  • Leveraged/Management Buyouts
  • Venture Capital
  • Refinancing
  • Restructuring
  • Debt Securities

Capabilities

Experience

  • Represented Polsat Plus Group in connection with the financing of the construction of the wind farm in Człuchów. The financing amounted to PLN 800 million (EUR 183.46 million).
  • Advised Madison International Realty in connection with obtaining financing for the acquisition of shares in Cavatina Office sp. z o.o., the owner of the Chmielna 89 office building in Warsaw, from Cavatina Holding S.A.
  • Advised Metropol Group in connection with obtaining financing for the acquisition of a shopping centre portfolio, consisting of five regional convenience stores in located in Gdynia, Olkusz, Radom, Świętochłowice and Siemianowice from the subsidiaries of Atrium group.
  • Advised Cyfrowy Polsat S.A. in connection with obtaining a pioneering PLN 1 billion incremental facility with certain Polish and foreign institutions.
  • Advised Empik group in connection with PLN 120 million credit facility.
  • Advised Cyfrowy Polsat Group in connection with a credit agreement with a consortium of Polish and foreign financial institutions for a term loan of up to PLN 11.5 billion and a revolving loan of up to PLN 1 billion.
  • Advised Polkomtel on refinancing its existing senior debt facilities during negotiations with financing institutions and the signing of an agreement. The value of the new agreement is PLN 7.95 billion (approx. EUR 2 billion).
  • Advised Spartan Capital Holdings in connection with obtaining financing for the acquisition of Polkomtel.°
  • Advised Cyfrowy Polsat S.A. in connection with obtaining financing for the acquisition of Telewizja Polsat S.A.°
  • Represented Cyfrowy Polsat in connection with the private issue of series F bonds with an aggregate nominal value of PLN 400 million.
  • Represented Cyfrowy Polsat in connection with the issue of series E bonds with an aggregate nominal value of PLN 820 million.
  • Represented the Polsat Plus Group as the first Polish company issuing Sustainability-Linked Bonds according to the international ICMA (International Capital Market Association) standard. This was the largest issuance of corporate bonds denominated in Polish Zloty by a private company with a value of PLN 2.67 billion.
  • Advised JPMorgan, as Polish counsel, on two tap offerings of high yield notes by Coveris Holdings in the aggregate amount of USD 240 million.
  • Advised Cyfrowy Polsat, as issuer, on 1 billion PLN notes offering, the first of its kind under the new Bonds Act.
  • Advised CEDC/Roust group as Polish counsel in connection with the restructuring and offering of high yield notes in the amount of USD 385 million.
  • Advised Penta Investments Ltd., a shareholder of Empik Media & Fashion, in connection with the restructuring of EMF’s PLN 1.2 billion debt. The transaction included EMF’s offering of PLN 128.8 million of unsecured bearer bonds and EUR 38 million unsecured registered bonds, the mezzanine loan in the amount of approx. EUR 25 million and amendments to credit facility and intercreditor agreements.
  • Advised a consortium of 20 banks on the restructuring of Celsa Huta Ostrowiec’s PLN 2 billion debt.°
  • Represented eRecruitment Solutions, a company from the capital group of Grupa Pracuj S.A., in the acquisition of all shares in HRlink from Agora S.A. and two individual minority shareholders.
  • Represented PAK-Polska Czysta Energia in connection with the acquisition of a special purpose company owned by the Neoinvestment Group and responsible for the construction of a wind farm situated in Potęgowo, Słupsk and Damnica in the Pomerania Province, consisting of 23 Vestas wind turbines with a total capacity of approx. 50.6 MW.
  • Represented PAK-Polska Czysta Energia in connection with the acquisition of a special purpose company owned by the Neoinvestment Group, responsible for the construction of a wind farm situated in Człuchów, consisting of 33 wind turbines with a total capacity of approx. 72.6 MW.
  • Represented the Polsat Plus Group in connection with the planned acquisition by Cyfrowy Polsat S.A. of the green assets of ZE PAK - shares in PAK-Polska Czysta Energia sp. z o.o. and shares in Port Praski sp. z o.o.
  • Represented Cyfrowy Polsat S.A. and Polkomtel sp. z o.o. in connection with the sale of a 99.99% stake in Polkomtel Infrastruktura sp. z o.o. to Cellnex Poland sp. z o.o. The value of the transaction exceeded PLN 7 billion (EUR 1.6 billion).
  • Advised Polsat Group in connection with the acquisition of the Interia Group. 
  • Advised REINO Partners on negotiations and execution of a joint venture agreement with CorVal, a Australian-based real estate investor.
  • Advised Grupa Pracuj sp. z o.o. in connection with the sale of a minority stake in the Company to TCV, an international investment firm.
  • Advised Enterprise Investors in connection with the proposed acquisition of Allenort Cardiological Clinic.
  • Advised Cyfrowy Polsat Group in connection with the acquisition of 100% of shares in companies owning the Eska TV, Eska TV Extra, Eska Rock, Polo TV and Vox Music TV channels from ZPR Media Group, and 34% of the shares in the company owning the Fokus TV and Nova TV stations, as well as in connection with the preliminary agreement to purchase a further 15% of shares in this company in the future.
  • Advised TP S.A. in connection with sale of the Wirtualna Polska portal to the private equity fund Innova Capital. The value of the transaction was PLN 375 million.
  • Advised Cyfrowy Polsat Group in connection with the acquisition of a block of approx. 32% of shares in Netia from two major shareholders, with the total purchase price amounting to PLN 638.8 million, and in connection with the announcement of a tender offer to place subscriptions for the sale of shares in Netia S.A.
  • Advised Cyfrowy Polsat S.A. and Polkomtel S.A. in connection with the acquisition of a majority stake in Midas S.A. in a public tender offer.
  • Advised Cyfrowy Polsat S.A. in connection with all aspects of the acquisition of Polkomtel sp. z o.o. that included (i) negotiating agreements with existing shareholders, (ii) issue of Cyfrowy Polsat’s new shares and their admission on WSE, as well as (iii) refinancing of the existing indebtedness of Cyfrowy Polsat and Polkomtel capital group (Senior Notes, PIK Notes and Senior Facilities). Value of the transaction was PLN 6.15 billion.
  • Advised European Bank for Reconstruction and Development in connection with its participation in the IPO of PKP Cargo and the acquisition of 5.27% of PKP Cargo’s shares. The value of the transaction was PLN 155.4 million.
  • Advised Zakłady Azotowe Puławy S.A. in connection with the tender offer for the sale of shares announced by Synthos.
  • Advised Madison International Realty, the majority shareholder of Capital Park S.A., on the sale of certain assets of the group as part of a management buy-out co-financed by Europi Property Group, Capital Park’s minority shareholder.
  • Provided strategic advice to Madison International Realty, the majority shareholder of Capital Park S.A., in connection with the sale of certain assets of the group as part of a management buy-out co-financed by Europi Property Group, Capital Park’s minority shareholder.
  • Advised OTB Ventures, a leading venture capital firm specialized in investments in technology companies originating in Central and Eastern Europe, on the early stage funding for Ondato.
  • Advised OTB Ventures on the launch of a dedicated investment vehicle to support Europe’s leading space technologies - OTB Space Program I – backed by the European Investment Fund and the European Commission through the InnovFin for Equity programme.

°The above representations were handled by Ms. Kimla-Kaczorowska prior to her joining GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k.

Recognition & Leadership

  • EMEA Legal 500: Next Generation Partner in Banking and Finance (2023-2024); Rising Star in Banking and Finance (2022); Recommended in Private Equity (2021-2023)
  • Chambers Diversity & Inclusion Awards: Shortlisted for the Future Leader - Gender Diversity Award (2019)
  • Rising Stars: Lawyers – leaders of tomorrow (Wolters Kluwer) – finalist (2016)
  • Member, Warsaw Bar Association of Attorneys-at-Law

Credentials

Education
  • Ph.D. in Law, University of Warsaw, 2019 r.
  • Attorney-at-Law
  • Master of Law, The University of Warsaw
  • Diploma, Center for American Law Studies, Warsaw University in cooperation with University of Florida, Levin College of Law, 2011
  • Master of Finance and Accounting, Warsaw School of Economics
Admissions
  • Poland
Languages
  • Polish, Native
  • English, Fluent